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Legal Terms - Flexicurity
is a labor market model that integrates job security for workers with flexibility for employers. It is contended that in order to thrive in the increasingly global and competitive markets, employers must be able to rapidly adjust to the current economic and market conditions. Consequently, employers desire the ability to acquire and terminate personnel and implement new work practices without incurring legal penalties. The utilization of temporary and agency personnel, as well as outsourcing, has demonstrated this transformation. However, from the worker's perspective, this flexibility for the employer may result in a lack of certainty and employment protections. In recent years, there have been some attempts to address this issue. For instance, in the European Union, there has been an effort to ensure that laborers are provided with consistent levels of protection while also promoting flexible working arrangements. The European Commission has defined flexicurity as a strategy that simultaneously seeks to maintain employment and income security while simultaneously improving the flexibility of labor markets, work organizations, and labor relations. Unions in the United Kingdom have responded to comparable requests to implement the Nordic model of flexicurity.
is a labor market model that integrates job security for workers with flexibility for employers. It is contended that in order to thrive in the increasingly global and competitive markets, employers must be able to rapidly adjust to the current economic and market conditions. Consequently, employers desire the ability to acquire and terminate personnel and implement new work practices without incurring legal penalties. The utilization of temporary and agency personnel, as well as outsourcing, has demonstrated this transformation. However, from the worker's perspective, this flexibility for the employer may result in a lack of certainty and employment protections. In recent years, there have been some attempts to address this issue. For instance, in the European Union, there has been an effort to ensure that laborers are provided with consistent levels of protection while also promoting flexible working arrangements. The European Commission has defined flexicurity as a strategy that simultaneously seeks to maintain employment and income security while simultaneously improving the flexibility of labor markets, work organizations, and labor relations. Unions in the United Kingdom have responded to comparable requests to implement the Nordic model of flexicurity.
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